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Board approves short-term borrowing with Community Bank of Cameron
Summary
The Cameron Board approved a short-term borrowing arrangement with Community Bank of Cameron on Oct. 27; the minutes do not list loan terms or amounts.
The board approved short-term borrowing with Community Bank of Cameron at its Oct. 27 meeting. Board member Scott Keeler moved the action, Board member Heather Fick seconded, and the motion carried. The minutes identify the bank but do not provide loan amount, interest rate, or repayment schedule.
The minutes record the borrowing as an action item; they do not specify whether the borrowing is for cash-flow management, capital projects, or other purposes. The absence of loan terms in the minutes means further details would need to be obtained from district business office records or subsequent board documentation.
